The Ethereum Foundation released its anticipated 2024 report, highlighting financial health, investments, and future plans.
Financial Activities and Investment Focus
In 2023, the foundation's total expenditures were $134.9 million, up from $105.4 million in 2022. Key investment areas included research and development for Ethereum Layer 1 (30.4%), community development (18.5%), and internal operations (36.2%). Notably, 35.2% of funds were allocated towards new institutions in 2023, totaling $47.4 million to strengthen the Ethereum ecosystem.
Financial Reserves and Treasury Management
As of October 31, 2024, the foundation's reserves stand at $970.2 million, with $788.7 million (81.3%) in crypto assets, primarily in ETH, representing 0.26% of the total ETH supply. The remaining $181.5 million is in non-crypto investments. The report underscores a conservative treasury management policy designed to safeguard resources during market downturns.
ETH's Market Performance
Ethereum’s market performance has been impressive, with a 16% gain over the past week, outpacing Bitcoin's 9% increase. As of the report, ETH is trading at $2,918, down 40% from its all-time high of $4,890.
The Ethereum Foundation demonstrates a commitment to long-term growth through sound investment and treasury strategies while supporting projects and maintaining financial resilience.
